Charter & Fractional
Jet It To Offer HondaJet Shares in Eastern U.S.
The program opened its orderbook for share sales on August 30.

Two Honda Aircraft alumni have joined forces to launch a fractional ownership program, Jet It, that will operate HondaJets in the Eastern U.S. On Thursday, Jet It opened its order book for share purchases.

Jet It executives described their new program as a hybrid fractional program that will enable people to own a portion of a jet without the full costs associated with ownership. The program significantly lowers hourly cost, Jet It said, estimating that a trip from New York to Washington, D.C., would carry a price of a little more than $1,500. The same trip on a traditional fractional would cost nearly $10,000, and a membership program might charge up to $5,000, the company added.

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